When it comes to the U.S. economic recovery, the conventional wisdom is that it’s all about housing. That’s where the majority of Americans keep the majority of their wealth. It’s 15% of the economy and has been driving …

The media coverage of this year’s Nobel Prize in economics was dominated by the concept of the “efficient market hypothesis,” which is narrowly defined as the idea that markets will quickly assimilate all public information about …

There’s an old joke about the economics profession that says that it’s the only field where two people can win the Nobel Prize for saying the exact opposite thing. On Monday the joke was seemingly proven true when the Royal …

The U.S. dollar is the world’s reserve currency of choice. It’s the currency that most of the planet’s business is conducted in, and it’s what most nations hold in their central banks, in addition to national currencies, …

Today at 3 PM, President Obama officially announced his decision to nominate Janet Yellen to be the 15th Federal Reserve Chair. If she is confirmed, she will be the first woman in the role. Wall Street is growing increasingly …

The budget and debt ceiling fights in Washington often seem to take place in a hermetically sealed bubble. Or maybe on some faraway planet “Beltway,” where there’s definitely less oxygen in the atmosphere. But it’s important …

Aside from the furloughed federal workers, the housing recovery may be the first economic victim of the government shutdown. Over the last two years, housing has gone from being a headwind to a major boon to U.S. economic growth. …